You probably know what a pre-nuptial agreement is, and what purpose it serves. Essentially, you sign an agreement before you are married, and it outlines what will happen to your pre-marital property, as well as property obtained during the marriage, should you ever get divorced. But here’s a little-known fact: if you forgo a pre-nuptial agreement, you can still subsequently enter into a post-nuptial agreement!
The question we hear so often is, “If I didn’t need a pre-nuptial agreement, why would I need a post-nuptial agreement?” The answer is simple: things change. You may discover you stand to receive a sizable inheritance that you want to protect in the event of divorce. Or, after a successful first career, you might decide you want to open your own business, and if you want to protect that business in the event of divorce, you would need a post-nuptial agreement.
Ultimately, you do not need a specific reason to obtain a post-nuptial agreement. Sometimes you might just have a change of heart, and that’s okay. Maybe you even intended to discuss a pre-nuptial agreement, but never got around to it.
A post-nuptial agreement would need to be agreed on by both you and your spouse, but you should not be afraid to bring it up if you feel like one is necessary. These agreements benefit both parties! They will protect each spouse’s assets, not just one or the other.
Wolf & Shore Law Group would be happy to assist you in drafting your pre- or post-nuptial agreement, or even review the agreement your spouse has had drafted. Having drafted many of these agreements, we can help you decide what assets will remain your sole property, and we can even discuss the details of potential alimony and child support, as applicable.
Our firm is here to help make things easier for you, not harder. If Wolf & Shore represents you, you can rest assured that your agreement will be drafted thoroughly, and all the necessary financial documentation will be reviewed and exchanged!